RURAL DEVELOPMENTOHIO

UNITED STATES DEPARTMENT OF

AGRICULTURE

Our Mission

To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

Our Structure

Hillsboro Area OfficeHillsboro Area OfficeArea Director Ms. Lynn Stevens

Community Programs Specialist Mr. Ashley Kelly

Single Family Specialist Ms. Linda Ayres-Louiso

Multi-Family Specialist Ms. Kandy Dudley

Program Areas

Rural Business Programs Rural Housing Programs Community Development Programs

Rural Business Programs

Business and Industry Loan Guarantee Intermediary Relending Program Rural Business Opportunity Grants Rural Business Enterprise Grants Value Added Agriculture Marketing Grants Cooperative Development Renewable Energy Programs

Business and Industry Loan Guarantee

Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs

Eligible Areas: 50,000 or less Population Typical Loan Guarantee is $1 - 2 million but

range from $500,000 to $10 million Incentive to Banks – secondary market Incentive to Business – a secured loan can

warrant favorable terms and rate

Successful Business Partnerships

The Making of Old Glory

Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity

Intermediary Relending Program

A loan to a non-profit or public entity Rate of 1%, Term of 30 years Up to $750,000 a year Funds are reloaned to rural businesses

Rural Business Opportunity Grants

Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less

National competition for funding

Rural Business Enterprise Grants

Grants to non-profits and public bodies to develop small and emerging rural business enterprises

State allocation of a little over $1 million

Rural Business Enterprise Grants

Truck Driving Simulator

Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program

Value Added Agriculture Marketing Grants

Physically segregates an agricultural commodity/product to enhance its value

Helps expand customer base for products, commodities

Result in greater portion of revenues being available to producer

Cooperative Development

Rural Cooperative Development Grants – Grants made to establish rural co-op centers

OSU South Centers successful applicant in Ohio

Rural Cooperative Development Grant

(Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant

Cooperative Grant Recipient – OSU South Centers

Renewable Energy

Renewable Energy Grant Program Energy Efficiency Grants

Community Facilities Program

Direct WWD loans and grants Guaranteed WWD loans Direct CF loans and grants Guaranteed CF loans

Community Facilities Program Direct WWD loans and grants Guaranteed WWD loans

Construction of a new Water

Treatment Plant and Water

Tower in New Paris, OH Preble County

Community Facilities Program

Highland County HI-TECH CenterHillsboro, OH

Direct CF loans and grants

Community Facilities Program

Direct CF loans and grants

Rarden Fire Department Rarden, Ohio

Scioto County

Community Facilities Program

Guaranteed CF loans

Preble County YMCA Eaton, Ohio

Community Facilities Program

Guaranteed CF loans

Highland County Community Action Organization / Head Start

Hillsboro, Ohio

Community Facilities Program

Guaranteed CF loans

Seaman Medical Clinic Seaman, Ohio

Adams County

Home Ownership Programs

Direct Loans Guaranteed Loan Program Mutual Self Help Home Repair Program

Rural Housing 502 Direct Loans

Mortgage financing to low and very low income families who cannot obtain private financing

Funds to purchase suitable existing homes, new site builds

Up to 100 % financing of market value or cost Good credit history required

33 year loans, payments based on income

Rural Housing 502 Direct Loans

Lebanon, OH Warren County

502 Guaranteed Loan Program

Mortgage guarantee for low to moderate income families

No down payment, no mortgage insurance Income limited at 115% of area median Typical 30-year fixed rate, no loan limit Can be combined with OHFA bond, MCC or

2-1 buydown programs

Ashville, OH Pickaway County

502 Guaranteed Loan Program

523 Mutual Self Help

Sweat equity Helps households under 80% of area median

income finance/build their home Local non-profit obtains Section 523 grant,

hires construction supervisors, pays administrative expenses

Section 523 site loan also available

523 Mutual Self Help

Self-Help Homes Arbor Village

Washington Courthouse, Ohio Fayette County

504 Home Repair Program

To remove health and safety hazards to very low income homeowners

To finance needed repairs

Before After

Rental Housing

Rural Rental Housing Direct Loans Rural Rental Guarantee Program Farm Labor Direct Housing

Rural Rental 515 Direct Housing Loans

To construct or renovate affordable rental complexes

Clinton East Sabina, Ohio Clinton County

Rural Rental 538 Guarantee Program

Provides affordable rental housing to low and moderate income residents

Farm Labor Housing

Section 514 Loans for farm owners to provide on-farm housing

Section 516 grants to non profits and public bodies to house farm laborers off-farm

Housing Preservation Grant

NOFA Process Nonprofit or government organization Up to a 2 year grant agreement Must be used in eligible rural area Maximum of 20% for administration

Looking to the Future

Importance of Partnerships Accessing Federal Pool Dollars Marketing Rural Development Programs Increasing Minority Homeownership Faith Based Initiatives

For Additional Information…

USDA Rural DevelopmentHillsboro Area Office514 Harry Sauner Road, Ste 3Hillsboro, OH 45133

937-393-1921, ext. 4937-393-1656 FAXlynn.stevens@oh.usda.gov

www.rurdev.usda.gov